Daily Archives: October 1, 2012

The US has shown a turnround after data released by the Institute for Supply management showed an index rise in manufacturing after three months of consecutive contraction. However, there are doubts whether the positive trend will continue in the the near future for the US, whereas for India, Russia and Turkey, the expansion seems more robust.

In India, manufacturing output in September expanded at a faster rate than in August, with its order book rising and new export orders increasing for the first time since June. Rising demand has also helped Turkey, in addition to new business from abroad, after a fall in output in July and August. Read more

The government’s spending cutbacks are having a considerable impact on public sector employment, new data from the Office for National Statistics shows.

The total number of people in employment fell by 48,000 between September 2010 and September 2011, with the biggest net loss by far in the public administration sector, according to the new figures. The government is relying on the private sector to pick up the slack in the labour market. The tourism industry (‘accommodation & food services’) enjoyed a considerable boost in staffing numbers, perhaps thanks to the effect of this summer’s Olympic Games.